×

Daktronics Announces $3.2 Million Order for New York City Transit

BROOKINGS, S.D., Oct. 06, 2015 (GLOBE NEWSWIRE) -- Daktronics Inc. (NASDAQ:DAKT) of Brookings, S.D. announces a $3.2 million order for Metropolitan Transportation Authority (MTA) New York City Transit, provider of mass transit services in New York City. Daktronics has a highly visible presence in the system and with an order for 630 6mm rail platform displays to guide and inform visitors, this contract marks the largest mass transit digital display purchase in the company’s history.

With millions of subway passengers seeing the displays on a daily basis, Daktronics plays an integral role in helping to keep passengers informed with timely and effective messaging. The multi-colored LED displays, part of the subway system’s Public Address Customer Information System (PACIS), will feature next train arrival and destination information as well as graphical information. A text to speech function aids visually impaired transit riders with clear and easy to access messaging.

As an approved vendor on NYC Transit’s Qualified Products List, Daktronics was pleased to continue to provide quality displays that help keep the nation moving. “Daktronics has made its mark as a leader in the mass transit industry. We are proud to supply such a sizeable order for one of the nation’s busiest transit systems,” said Dale Storhaug, Daktronics mass transit manager. Installation of the 630 displays will complete by July of 2017.

ABOUT MTA

Metropolitan Transportation Authority is a public benefit corporation chartered by the State of New York. The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.2 million people in the 5,000-square-mile area fanning out from New York City through Long Island, southeastern New York State, and Connecticut.

ABOUT DAKTRONICS

Daktronics helps its customers impact audiences throughout the world with large-format LED video displays, message displays, scoreboards, digital billboards and control systems in sport, business and transportation applications. Founded in 1968 as a USA-based manufacturing company, Daktronics has grown into the world leader in audio-visual systems and implementation with offices around the globe. Discover more at www.daktronics.com.

SAFE HARBOR STATEMENT

Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is intended to enjoy the protection of that Act. These forward-looking statements reflect the Company's expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results to differ materially from our expectations, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts, fluctuations in margins, the introduction of new products and technology, the impact of adverse weather conditions and other risks noted in the Company's SEC filings, including its Annual Report on Form 10-K for its 2015 fiscal year. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

MEDIA RELATIONS Jody Huntimer Strategic Marketing Tel 605-692-0200 Email jody.huntimer@daktronics.com

Source:Daktronics, Inc.